India a 'bright spot' amid uncertainty: Shaktikanta Das
India recorded average annual real GDP growth of 7.9% between 2021-22 and 2025-26, while growth in the first quarter of 2026-27 stood at 7.8%, he noted. He attributed the momentum to domestic demand, industrial and services activity, and a series of structural reforms.
India continues to shine as a positive force amidst global economic uncertainty, according to Shaktikanta Das, a high-ranking Indian official. Speaking at the launch of the India and Emerging Economic Order Forum, Das emphasized that both urban and rural demand are thriving, bolstering economic activity. High-frequency indicators such as GST collections, electricity generation, railways freight movement, and vehicle sales all signal a robust economy.
India's economy has been expanding at an average annual rate of 7.9% from 2021-22 to 2025-26, with the first quarter of 2026-27 showing a growth rate of 7.8%. Das attributes this momentum to strong domestic demand, industrial and services activity, and various structural reforms like GST, the Insolvency and Bankruptcy Code, and digital public infrastructure.
In addition to domestic factors, Das highlighted India's potential to shape the global economic order, particularly in sectors such as space, nuclear, and domestic energy exploration. He urged global collaboration to address challenges faced by developing economies, including trade, geopolitics, and the shift of economic gravity towards the East.
Das also praised the Global South's progress in social indicators, such as reduced poverty, longer life expectancy, and better access to education, while acknowledging ongoing challenges like poverty, debt, infrastructure gaps, climate change, and the demographic dividend.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
